Question
You want to borrow $37,170 from your local bank to buy a new sailboat. The loan requires amortized fixed equal payment each month. You can
You want to borrow $37,170 from your local bank to buy a new sailboat. The loan requires amortized fixed equal payment each month. You can afford to make monthly payments of $1,030, but no more. Assume monthly compounding. What is the highest APR rate you can afford on a 48-month loan?
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Crypto Asset Investing In The Age Of Autonomy
Authors: Jake Ryan
1st Edition
1119705363, 978-1119705369
